The system provides real-time risk alerts for suspicious crypto transactions across multiple blockchains within the same workflow as fiat-payment monitoring.
Blockchain intelligence platform TRM Labs has joined forces with banking infrastructure firm Finray Technologies to create a unified system that monitors both crypto and fiat transactions.
Finray’s compliance and decision engine, XZiel, has been integrated with TRM’s blockchain intelligence tools to enable real-time alert triaging, automated escalation, case management, and risk assessment across crypto and fiat transactions, the companies announced on Tuesday.
With stablecoin settlements and fiat payment flows becoming increasingly interconnected and with new regulations such as Europe’s Markets in Crypto-Assets (MiCA), institutions operating in both markets now require unified oversight, according to Finray Technologies and TRM Labs.
